Report says active users to double in the next two years.
Juniper says the need to access basic financial services by users in developing countries will drive the short term growth of the space.
Currently well under 100 million people use these services.
However, the firm cautions that for all the success, each new rollout needs an established, robust and extensive local distribution network to ensure access to the service.
Howard Wilcox, senior analyst at Juniper, said: “Our report reveals the sheer number of mobile money services, with more launches in the first eleven months of 2010 than in the whole of 2009.
"However, there are still many developing countries without these services, plus we’re seeing typically at least three services per country.”
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Further findings include:
* The market has been boosted recently by person-to-person money apps in developed countries to enable people to easily make social transfers such as split the cost of meals, or pay the babysitter
* Nearly 40 per cent of active users in 2015 will be in the Africa & Middle East region
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